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 Montreal,
August 3, 2007 – Transcontinental Media today announced
it has acquired Seaway News in Cornwall, Ontario.
Founded in 1985, the paper serves more than 36,000 households
in the eastern Ontario region. The acquisition brings Transcontinental
Media’s newspaper total to 169 community publications
across Canada, totalling approximately 250 million copies
annually.
“Seaway News is a truly local weekly paper
and captures the spirit of the Cornwall area,” said
Marc-Noël Ouellette, Senior Vice President, Newspaper
Group, Transcontinental Media. “And, just as residents
look forward to reading about their community each week, we
look forward to continuing the success of the paper and building
our portfolio in eastern Ontario.”
Seaway News, distributed each week in Ad-Bag from
Transcontinental Media, complements Transcontinental’s
existing eastern Ontario publications, such as those serving
the Ottawa area which include L’Express, The
Star, Weekly Journal, and Ottawa Business
Journal.
The co-founders of Seaway News, Dick Aubry, Publisher
and Rick Shaver, General Manager, said, “In 1985 we
launched what was then called Seaway Shopping News,
and we’ve been with the paper as it’s grown to
become Seaway News. Transcontinental is known for
its commitment to both a strong editorial presence and creative
advertising solutions in the communities it serves; Cornwall
will be no exception.”
Transcontinental, as the second largest publisher of community
newspapers in Canada, publishes daily, weekly, bi-weekly and
monthly newspapers in the provinces of Ontario, Quebec, Newfoundland
and Labrador, Nova Scotia, Prince Edward Island, New Brunswick
and Saskatchewan.
About Transcontinental Media
The fourth-largest print media group in Canada, with more
than 3000 employees and annual revenues of $580 million in
2006, Transcontinental Media is the country’s leading
publisher of consumer magazines and of French-language educational
resources as well as being the largest publisher of community
newspapers in Eastern Canada. It publishes the weekday daily
Métro in Montreal, owns a number of digital
business units, and is also, through Publi-Sac, Quebec’s
leading door-to-door distributor of advertising material.
Transcontinental Media is a subsidiary of Transcontinental
Inc. (TSX: TCL.A, TCL.B), which has more than 14,500 employees
in Canada, the United States and Mexico and reported revenues
of C$2.3 billion in 2006.
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For information:
Media
Nessa Prendergast
Director, Media Relations
Transcontinental Inc.
Telephone: (514) 954-2809
nessa.prendergast@transcontinental.ca
Financial Community
Jennifer McCaughey
Director, Investor Relations
Transcontinental Inc.
Telephone: (514) 954-2821
jennifer.mccaughey@transcontinental.ca
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